Items related to Lecture Upon Locke's School of Money: The Principles...

Lecture Upon Locke's School of Money: The Principles and Practice of Locke's "School of Money" And Unsound Currency Substitutes for Money, 1695, ... Travellers, Sailors, and Soldiers of to-Day - Softcover

John Henry Norman

 
9781334472503: Lecture Upon Locke's School of Money: The Principles and Practice of Locke's "School of Money" And Unsound Currency Substitutes for Money, 1695, ... Travellers, Sailors, and Soldiers of to-Day

Synopsis

This book presents a thorough analysis of the principles and practices of money, currency, and their substitutes in the 17th century, a period of significant monetary transformation. The author, an expert in the field, traces the evolution of currency systems, from the establishment of gold and silver standards to the emergence of inconvertible paper-based currencies. The book provides a comprehensive overview of the various types of currencies in use at the time, including automatic gold and silver, gold and silver with coinage charges, and inconvertible paper currencies based on gold or silver. Delving into the intricacies of currency exchange rates, the author explains the concepts of fixed and absolute pars of exchange, and how the ratio between gold and silver influenced these rates. The book also examines the impact of coinage charges and counter charges on the value of currencies. Through numerous examples and case studies, the author demonstrates how these factors affected international trade and finance. This book not only offers a detailed account of 17th-century monetary systems but also provides insights into the broader historical context. It highlights the interplay between monetary policies, economic conditions, and political developments. The author's analysis sheds light on the challenges faced by governments and merchants in managing currency systems during a period of profound economic change. Overall, this book is a valuable resource for anyone interested in the history of money and currency. Its clear and engaging writing style makes it accessible to both scholars and general readers alike. By providing a comprehensive examination of 17th-century monetary practices, the author contributes to our understanding of the evolution of modern financial systems.

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